Option Assets definition

Option Assets has the meaning given such term in Section 5.1.

Option Assets means all of Sellers’ right, title and interest in the Assets other than the Initial Assets.

Option Assets means that portion of Tenant Personal Property that, (i) pursuant to Section 9.2 of the Master Lease as in effect on the Closing Date, Landlord has an option to purchase and (ii) constitutes Loan Collateral.

Examples of Option Assets in a sentence

• Within 10 days of such selection, the Appraisers so selected by the parties shall select a third Appraiser (it being understood that the fees and expenses incurred by such third Appraiser in connection with such Appraiser’s determination of the Fair Market Value of the Option Assets under this Section 2.3(a)(ii) shall be borne by the Landlord).

• The three selected Appraisers shall each determine the Fair Market Value of the Option Assets within 30 days of the selection of the third appraiser.

• Unless otherwise waived or extended by the Landlord and each Agent in writing, within 60 days following the end of the previous fiscal year, the Landlord and each Agent will designate (acting together) an Appraiser to determine the Fair Market Value of the Option Assets.

• Deliver to the Administrative Agent as and when required under Section 2.3(a)(ii) of the Relative Rights Agreement, an appraisal of the Option Assets (as defined in the Relative Rights Agreement) conducted by an MAI Appraiser (as defined in the Master Lease) mutually acceptable to the Administrative Agent and LeaseCo.

• The Indenture Trustee hereby acknowledges that the interests of the noteholders under the Indenture are unsecured, and neither the Indenture Trustee nor any of such noteholders has any ownership interest in, or lien on or claim upon, any Loan Collateral, Landlord Exclusive Assets, Purchased Option Assets, Authorizations, Facility Provider Agreements, leasehold mortgage interest or other claim in the Master Lease or real or personal property (including equipment and fixtures) owned by the Landlord.

More Definitions of Option Assets

Option Assets means the Gold Ranch Casino Property and Improvements, the Xxxxx Field Property, the Frontage Parcel (excluding, however, alterations, improvements and additions made by Last Chance under Section 6.5 of the Gold Ranch Casino Lease which are the sole property of Last Chance), and the California Lottery Station and the California Lottery Property (excluding alterations, improvements and additions made by, and furniture, fixtures and equipment owned by California Prospectors, Ltd.).

Option Assets means the “Acquired Assets” as defined in the Purchase Agreement attached hereto as Exhibit G (the “Purchase Agreement”).

Option Assets means the Option 1 Assets; the Option 2 Assets; the Option 3 Assets; the Option 4 Assets or any combination thereof specified in accordance with Clause 2.1, as the case may be;

Option Assets has the meaning specified in the fifth recital hereof.

Option Assets is defined in Section 5.1(a).

Option Assets has the meaning given such term in Section 3.01.

Option Assets has the meaning assigned to such term under the JCPenney License Agreement.